Re: Postal Shame !
by Hot on Feb 04, 2011 10:41 PM
The pm is a sikh. The head of congi is a christian. What else hindus can expect.The hindus in congi have sold there head for a few bucks.
You pay no interest on loans and banks earns money on your deposits by investing it earning you rich returns. I cannot imagine a better banking system in the world. Lets go I-Banking !! :)
With govts like this we will soon have islamic everything.India itself will be a islamic country and will be in the category of countries like bangaldesh, pakistan, afghanistan
You pay no interest on loans and banks earns money on your deposits by investing it earning you rich returns. I cannot imagine a better banking system in the world. Lets go I-Banking !! :)
Re: There is no free lunch
by this that on Feb 04, 2011 10:23 PM
IT WILL BE USED TO PERHAPS MAKE WHITE MONEY FROM NEFARIOUS CRIMINALS LIKE DAWOOD ON ONE HAND AND ON THE OTHER TO GET LOOT OUT OF INDIA.
LOOTING TEMPLES MONEY BY THE WAY IS NOT A CRIME AS PER ISLAMIC LAW.
Re: Re: Re: Re: There is no free lunch
by jafar shaikh on Feb 06, 2011 04:19 PM
what abt the culture of 5 (pandavasss#)guys screwwing a lady (drawpadi#) ? In dis marriage a father is also an uncle and an uncle is also a father.. great culture
a great step to make our country more insecure... money for the jihad group will flow through this as thousand of branch would be floating all over the state. may be initially all will be well....then
Re: islamic bank
by BJPisownedby Reddybrothers on Feb 04, 2011 10:19 PM
ISLAMIC BANKS ALLOWS TERRORISM MONEY... SO BJP THE TERROR PARTY OF INDIA IS VERY INTERESTED IN OPENING AN ACCOUNT
HINDU JEHADI GROUPS LIKE RSS WILL START NEW ACCOUNTS...
Dear Mr Ratan Goswami- It appears that you have no idea of what is Islamic banking, from the type of comments you have made about Hind/Sikh/Christian banking. Please note that Islamic banking cannot compete with any other banks at all due to its inherent nature of not being able to pay any interest on deposits. No other religion except islam prohibits paying or giving interest. These are centuries old beliefs back then some > 400 years ago when formal banks were not established & when Sukhi Lalas(Mother India film)used to charge 200%-500% interest exploiting weakest sections of society, thus prompting Islam to make any interest unislamic. But after 500 years also some people want to live in 16th century, let them live that way. Who cares as this will be the most uncompetitive banking and is meant for only those typical islamists who still stick to the Islamic banking and put their money in banks abroad who pay no interest at all. If some Indian Muslim wants to start Islamic bank in India; so be it. Whatever money that is currently deposited by Indian Muslims in banks abroad will come back to India and will be used for development projects in India. Many Hindus also still believe in going to Babas & sadhus and you cannot stop them since it is their belief. The same way there is no dearth of idiots in Islam too. At least the money will get invested in India's development as Indian bank will invest it into projects. The Kerala govt is not stup
Re: Islamic Banking
by jafar shaikh on Feb 06, 2011 04:21 PM
uday.. no body is forcing u 2 opne an acct with these banks.. if the bank is at loss and people are wlling t take that risk whats ur problem
Re: Islamic Banking
by mo anj on Feb 04, 2011 10:15 PM
mr uday, the prohibition of interest in islam was not banned 400 years back but 1400 years back, and we inshallah would stick by it. God promises the abolition of interest and support the cos of sadqah ( Giving alms) thereby multipying your wealth. Iam sure The days are not far away that you would see the benfits of islamic banking materialising very soon before your eyes
Re: Re: Islamic Banking
by Uday Kulkarni on Feb 04, 2011 10:47 PM
Hey Mo ani, all the more reason because it was banned 1400 years ago; you need to modernize with respect to realistic situations of todays times. Nothing against Islam but even for Hindus; SATI was abolished by Raja Ram Mohan Roy in 14th century. You need people in Islamic religion to educate and reform as per current times instead of blindly following rules which were certainly valid 1400 years ago but banking has come a long way in last 50 years alone let alone 400/500 or 1400 years ago. I have to break my head daily with many islamisc people in my daily role and many a times I involve my superior ( muslim) to convince my client into good AAA grade investments as their worth gets devalued every day . I find many Muslims not even willing to put their money even in government bonds because it is unislamic. Some modernization needs to go in todays world to avoid the gap between the rest of the world's thinking as eventually it will be the islamic people who will lose. I have stayed in 3 islmaic countries and in USA and Canada over my 30 years of working career and noticed that it is the fundamentalists in Islam who are scaring the gullible and making them follow old rules just to keep power in their hands or for political reasons rather than being progressive and reformative. All religions including Hindus and Christians have changed as per times. No law is evergreen for 1500 years. What is right today maybe wrong after 500 years and need to be revisited to validate.
Re: Islamic Banking
by Uday Kulkarni on Feb 04, 2011 10:26 PM
continued : Since I work for as bank in Canada, I know that in any free market society, the Islamic banks will never be able to compete and kerala government is smart by investing equity so that it can utilize the deposits for the state's development interest free. I do not think Islamic banking offers any alternative Asset Class to bonds as someone has mentioned because it is like putting your money in cash under your pillow or cubboard or safe deposit locker for long term. In todays environment where inflation % is so high in India; it is impossible to be a competitive alternative, though Islamic banking will indeed survive thanks to no dearth of die hard believers of islam who refuse to change their perspective after 500 years. That banking was relevant then but today when interests chatrged are regulated in a free economic environment, most of the educated Islamic people do NOT bank with Islamic banks except countries like Saudi Arabia, UAE & other middle eastern countries; Indoanesia, Malaysia, where these banks are flourishing only due to fundamental islamic beliefs. The only good thing is it offers interst free credit as well & some of the inovative islamic banks in UAE like mashreq bank have in past offered lottery instead of interest, to make it competitive; but all in all; it is the cobnstitutional right of any one to open a bank with regulations of mediveal times and you cannot stop them.
